Quote:
Originally Posted by burn_this_city
This is where we are at. The BoC really can't raise rates beyond 3-5% without causing a huge drag on consumer spending. Best they can hope for is flat home prices for a decade so wages and real incomes catch up. Anyone in the bottom 40% is going to be hard pressed to afford a home in a major metro area country wide.
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The solution is pretty simple. We can build our way out this crisis and basically have the private sector do most of the work. All municipalities have to do is lift density restrictions in the inner core, ban public hearings, and look at sustainable transportation.
Japan did it all within about 20 years.
https://www.theguardian.com/cities/2...ing-revolution
https://www.ft.com/content/023562e2-...d-2fc0c26b3c60